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gdl

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Alias Born 12/18/2012

gdl

Re: jxyzobrien post# 25719

Wednesday, 10/19/2022 3:21:17 AM

Wednesday, October 19, 2022 3:21:17 AM

Post# of 35177
I don't believe it yet. Stubbornly still see major weakness here and now. UK at double digit inflation, our data is showing the same setup. Industrial production higher than expectations and a slew of data coming out will confirm this. Earnings are NOT good despite some high profile announcements. Capitulation not seen and in order to rebound for months there has to be a washout event.

Will it be right before or after FED announcement? That's the expectation by everyone. I see this week as set up for dramatic drop Monday still. I will know if this is a possibility by tomorrows close. Housing data before open tomorrow. if it is stronger than anticipated watch for some early weakness and attempt to recover.

The world Inflation has surged like nothing seen for over 40 years. The economic structure and world gambling habits will cost everyone when they start to fail. This of course is my MANTRA from 9 months ago.

I make wild short term calls for deep reversals and big option play. Like trying to hit a homerun every time at bat. I know what the odds are but I have consistently made money this way even with all those strikeouts.

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